Monthly rent in the area averages $1,507 , which is a decrease of about $93 from the previous year .
Typical home values in the zip code of Memphis, TN, are approximately $267,166 as of April 2026 . 🏠 Market Snapshot: 38117 zillow-38117
38117, TN Housing Market: 2026 Home Prices & Trends | Zillow Monthly rent in the area averages $1,507 ,
Home values have decreased by roughly 1.6% over the past year . are approximately $267
The 38117 housing market is considered balanced, with inventory and demand remaining relatively steady .
Most homes sell for approximately 97.7% of their original asking price . 📈 Neighborhood & Rental Trends
Homes typically go to pending in about 51 days .